Advocates for the high-risk “angel investing”—writing personal checks to fund startups and small businesses—told attendees of the Baton Rouge Area Chamber’s monthly luncheon today that private funding can give startups a much-needed boost and the money is typically funneled back into communities if those companies are successful.
Many entrepreneurs have few options for raising money for their business venture aside from angel investors, said Mike Eckert, chairman of the NO/LA Angel Network, a group of 135 investors. That’s where his group of private investors comes in, with the network finding entrepreneurs and connecting them with people who can write the checks.
